Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31false2022-11-012No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11653032 2022-11-01 2023-10-31 11653032 2021-11-01 2022-10-31 11653032 2023-10-31 11653032 2022-10-31 11653032 c:Director2 2022-11-01 2023-10-31 11653032 d:CurrentFinancialInstruments 2023-10-31 11653032 d:CurrentFinancialInstruments 2022-10-31 11653032 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11653032 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11653032 d:ShareCapital 2023-10-31 11653032 d:ShareCapital 2022-10-31 11653032 d:RetainedEarningsAccumulatedLosses 2023-10-31 11653032 d:RetainedEarningsAccumulatedLosses 2022-10-31 11653032 c:FRS102 2022-11-01 2023-10-31 11653032 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11653032 c:FullAccounts 2022-11-01 2023-10-31 11653032 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11653032










CORD MECHANICAL LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
CORD MECHANICAL LTD
REGISTERED NUMBER: 11653032

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,330
4,078

Cash at bank and in hand
 5 
5,418
1,241

  
11,748
5,319

Creditors: amounts falling due within one year
 6 
(17,531)
(10,979)

Net current liabilities
  
 
 
(5,783)
 
 
(5,660)

Total assets less current liabilities
  
(5,783)
(5,660)

  

Net liabilities
  
(5,783)
(5,660)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(5,793)
(5,670)

  
(5,783)
(5,660)


Page 1

 
CORD MECHANICAL LTD
REGISTERED NUMBER: 11653032
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
A Shepherd
Director
Date: 21 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CORD MECHANICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Cord Mechanical Ltd is a company limited by shares domiciled in England. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CORD MECHANICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
CORD MECHANICAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
555
1,233

Other debtors
-
863

Prepayments and accrued income
5,775
1,982

6,330
4,078



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,418
1,241



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
580
40

Amounts owed to group undertakings
11,729
8,939

Other taxation and social security
3,222
-

Accruals and deferred income
2,000
2,000

17,531
10,979


 
Page 5